Pastry shop for Sale

Ref: 300 - Ref: 300 - Well-established and important artisanal pastry business, located in the center of Milan, thirty years of goodwill.
The sale, after thirty years of management, is motivated exclusively by family reasons.
The subject of the sale is the COMPANY , not the property. Newly renewed lease agreement, expiring in 2033 – annual rental fee of €35,000.00. Operating profit (profit, not invoiced) TWO HUNDRED AND FIFTY THOUSAND euros/year – demonstrable, results achieved despite one day of weekly closing and two months of summer break. The transfer price includes start-up, licenses and all equipment and machinery for production.
The business occupies: overlooking a busy road (32 m2 shop) and a large laboratory / warehouse behind it (56 m2).
Licenses, authorizations, accounting, administrative, contributory and fiscal situation, all perfectly in order, documentable and verifiable.
The opportunity is suitable for those who intend to continue in the same activity taking advantage of the thirty-year goodwill and the great profitability: production of pastries, mignon, cakes , panettone, pralines, etc. It is not suitable for those who intend to expand or change product categories. There is no possibility of an external square or expansion.
THE REQUEST IS FOR EURO 690,000.00 DIVIDED AS FOLLOWS:
EURO 290,000.00 upon transfer
EURO 400,000.00 IN INSTALLMENTS WITH MORTGAGE PROMISSES OR BANK GUARANTEE OR OTHER FORM OF GUARANTEE.
RECO exclusive. Collaboration with other agencies is not possible on this activity.
Documentation, information and negotiations are strictly confidential, send email ****@****.** or call tel. **/******--e405f9c6f9591bc918d421e5754ec86c!